(MENAFN- Emirates News Agency (WAM)) DUBAI, 9th May, 2019 (WAM) -- Dubai Aerospace Enterprise, DAE, total revenue reached US$360.0 million compared to US$352.4 million in Q1 2018.
According to the financial results for the three months ended 31st March, 2019, DAE's profit amounted to US$99.0 million, while it was US$96.0 million during the same period last year.
Pre-Tax profit margin reached 30 percent, while it was 31 percent in Q1 2018. Similarly, net debt-to-equity was 2.56x (Year-end 2018: 2.57x) Unsecured debt as a percentage of total debt amounted to 54 percent, compared to 46 percent during the same period in 2018.
WAM/Rola Alghoul/MOHD AAMIR
MENAFN0905201900610000ID1098502191
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